Mo

[Mo @fbamomo]

@Jeremybtc Whats up bro! count me in 💪

[Mo @fbamomo]

@CryptoMo Used to like you but this engagement farming off people’s misery is disgusting. Shame on you mo

[CryptoBullet @CryptoBullet1]

💭 What’s wrong with this cycle?? | Big Picture

#Bitcoin bottomed out in November 2022. It’s been ‘up only’ for $BTC since then.

$OTHERSBTC has been going ‘down only’ all this time.

This is why this cycle has been so bad for #Altcoin holders 📉🤮

But what exactly went wrong and when? 🤔
Let’s take a deep dive into the market structure ⬇️

In 2015-2017 & 2019-2021 $OTHERSBTC and $BTC were rising in sync, but this time it’s truly different.

In the early stages of the Bull Cycle things looked very similar to the previous cycle.
Take a look at two time periods: December 2018-August 2019 & November 2022-June 2023

$BTC bottoms out first, $OTHERSBTC makes a Lower Low in 6 months while $BTC rallies and switches the trend from Bear to Bull.

So in that period of time we have a Divergence between $BTC & $OTHERSBTC. We had that in 2019 and we had that in 2023.

August 2019 was the absolute bottom for $Alts against $BTC and we had a steady uptrend for the following 30 months!

This cycle we were on track to repeat the same pattern: #BTC bottomed out first, then it rallied and switched the trend from Bear to Bull while $Alts printed a Lower Low. June 2023 was supposed to be the ultimate bottom for $ALT/BTC pairs! We had a decent run up from June to January 2024, but then something broke ❌

Do you know what happened in January 2024? F*cking #Bitcoin ETFs got approved. It’s been ‘down only’ for $Alts since then 📉😵‍💫

So now we have this giant Divergence between the price of #Bitcoin (sitting at the all-time high) and $OTHERSBTC (sitting at the 4-year low) 💁‍♂️

I believe that eventually this Divergence will play out just like the one in Dec2018-Aug2019, but on a much bigger scale. It will be a MULTI-YEAR Uptrend for $OTHERSBTC 📈 (probably next cycle | if talking about cycles is even appropriate now lol)

_
So that’s why I was wrong on $Alts in general. The prior cycle’s playbook just didn’t fit this time 🤷‍♂️
Some $Alts like $SOL did exactly what I expected (made a new ATH), but that’s because coins like #Solana had a very strong narrative and they moved up with #BTC in sync. The rest are just waiting for a $BTC.D Meltdown and a steady $OTHERSBTC uptrend 📈

[Mo @fbamomo]

@CryptoBullet1 Hey bullet, whats your thoughts on $GLMR at these levels? You previously mentioned these levels as agressive buy — still valid?

[Mo @fbamomo]

@CryptoBullet1 Someone blew up today. We’ll find out who later this week.

[Mo @fbamomo]

@duonine 😂😂😂

[Mo @fbamomo]

@CryptoBullet1 I got liquidated today, will be watching this from the sidelines — ngmi

[Mo @fbamomo]

@CryptoBullet1 Look, a dinosaur

[Mo @fbamomo]

@MMCrypto What does this even mean

[Mo @fbamomo]

@RedStar43612950 @duonine @TheCryptoDog Understandably so — rat will make a lot of people a lot of money this run lol

[Mo @fbamomo]

@duonine @TheCryptoDog What’s your take on the alt season? It seems like you’re pretty bearish on it even happening

[Mo @fbamomo]

@arnaultwhale 3gKP1Xt5CuZdJvRU7hDDoqykr1NCJkebGaM2V68DvL8t

[Mo @fbamomo]

@arnaultwhale 3gKP1Xt5CuZdJvRU7hDDoqykr1NCJkebGaM2V68DvL8t

[Mo @fbamomo]

@CBClubOfficial @CryptoBullet1 You have no idea what you’re talking about

[Mo @fbamomo]

@CryptoBullet1 @PMIS171 Update on the ZK chart?

[Mo @fbamomo]

@SpermmSol 3gKP1Xt5CuZdJvRU7hDDoqykr1NCJkebGaM2V68DvL8t

[Mo @fbamomo]

@pedja20780212 @Peliks_Crypto 😂😂😂

[Mo @fbamomo]

@BallZcoinS 3gKP1Xt5CuZdJvRU7hDDoqykr1NCJkebGaM2V68DvL8t

[Mo @fbamomo]

@JerryXsolana 3gKP1Xt5CuZdJvRU7hDDoqykr1NCJkebGaM2V68DvL8t

[Mo @fbamomo]

@JerryXsolana 3gKP1Xt5CuZdJvRU7hDDoqykr1NCJkebGaM2V68DvL8t